City faces costly choice on low-cost housing for Judge Doyle Square

Madison wants a developer to scatter subsidized apartments throughout a Downtown housing tower — including top floors with sweeping views — rather than segregate them on three floors in part of the massive Judge Doyle Square project. But doing so will likely mean fewer low-cost units at a higher cost to taxpayers, the developer said.

Under one new option from Gebhardt Development, distributing the originally proposed 78 units throughout the building while restricting them to those making no more than 60% of Dane County median income, or $54,240 for a family of three, could cost the city up to $2.4 million more than planned. Other options would reduce the number of low-cost units but still increase the public cost up to $720,000...

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Ken Notes: This is a great project I`d go for the numbers and density. Gebhardt will not allow the three floors to become anything but great space at affordable rents subsidized by those willing to pay more for a great view. Then focus as a city to bring affordable to every neighborhood.



- - Volume: 7 - WEEK: 31 Date: 8/1/2019 6:41:39 AM -